Medigap Plans F, G, and N: What's the Difference?

 

Medigap plans are private health insurance plans that can help you pay for some of the costs of Original Medicare, such as copayments, coinsurance, and deductibles. There are 10 different Medigap plans available, each with its own set of benefits.

Plans F, G, and N are some of the most popular Medigap plans. They all offer comprehensive coverage, but there are some key differences between them.

Plan F

Plan F is the most comprehensive Medigap plan available. It covers all of the costs of Original Medicare, including:

• Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up
• Part B coinsurance or copayment
• Blood (first 3 pints)
• Part A hospice care copayment or coinsurance
• Skilled nursing facility care coinsurance
• Part A deductible
• Part B deductible
• Part B excess charge

Plan G

Plan G is almost identical to Plan F, except that it does not cover the Part B deductible. This means that you will have to pay the Part B deductible of $233 in 2023, before Plan G starts to pay.

Plan N

Plan N is similar to Plan G, but it does not cover Part B excess charges. Part B excess charges are additional fees that some doctors and other health care providers may charge above the Medicare-approved amount.

Copayments and Deductibles

In addition to the differences in coverage, there are also some differences in the copayments and deductibles for Plans F, G, and N.

• Plan F: No copayments or deductibles for covered services.
• Plan G: No copayments or deductibles for covered services after you pay the Part B deductible.
• Plan N: 20% copayment for most covered services. No deductible.

Which Plan is Right for Me?

The best Medigap plan for you will depend on your individual needs and budget. If you want the most comprehensive coverage, then Plan F is the best option. However, it also has the highest premiums. If you are willing to pay a slightly higher premium, then Plan G is a good alternative because it does not have a Part B deductible. If you want to save money on premiums, then Plan N is a good option, but you will have to pay a 20% copayment for most covered services.

It is important to talk to a licensed insurance agent to compare Medigap plans and find the best plan for you.

Here are some additional things to consider when choosing a Medigap plan:

• Your health: If you have a chronic condition, you may want to choose a plan with more comprehensive coverage.
• Your budget: Medigap premiums can vary widely, so it is important to compare plans to find one that fits your budget.
• Your lifestyle: If you travel frequently, you may want to choose a plan that covers foreign travel.

Conclusion

Medigap plans can help you protect yourself from the high costs of Original Medicare. By understanding the differences between Plans F, G, and N, you can choose the plan that best meets your needs and budget.